Baylor Chooses Duke Realty to Build Cancer Center
May 15th, 2009Baylor Health Care Systems, Inc. has selected Duke Realty Corp. [NYSE: DRE] to build its 460,000-square-foot, $154 million outpatient cancer treatment center on the Baylor University Medical Center campus in Dallas.
Indianapolis-based Duke said it…
Chrysler & GM Eliminating Up to 3,430 U.S. Dealerships
May 15th, 2009Chrysler has requested approval from the Bankruptcy Court to reject all Chrysler, Jeep, Dodge or Dodge Truck dealership agreements for 789 of its dealers (click here for the list).
GM is also rationalizing its network. In its quarterly report filed…
What the Bank ‘Stress Tests’ Tell Us About Commercial Real Estate
May 13th, 2009If the current economic malaise brings down any of the largest banks in the country, commercial real estate likely WON’T be the culprit. Office, industrial and retail properties specifically are even less likely to bring down the nation’s top banks.
The…
Blackstone Drops Real Estate Value 19%; Sees Bottom This Year
May 13th, 2009The Blackstone Group LP reported that its real estate investments had revenues of negative $211.9 million in first quarter, compared with revenues of negative $477.8 million for the fourth quarter of 2008 and positive revenues of $47.9 million for the…
JER Investors Trust Nears Default, Running Low on Cash
May 13th, 2009JER Investors Trust Inc. continues to burn through its dwindling cash at the rate of more than $1 million a month, which at that rate gives it less than three months of unrestricted reserves.
As of March 31, McLean, VA-based JER Investors Trust had…
Dexus Exiting U.S. Industrial Markets
May 13th, 2009Australia-based Dexus Property Group has commenced an asset sales program that will see it exit all but four of its U.S. industrial markets and concentrate on its Australian holdings.
Dexus has appointed CB Richard Ellis to manage the sale of part…
Closures & Layoffs (May 10-16): Layoffs Cutting Deeper into Productivity Ranks
May 13th, 2009While the most recent job loss numbers show a decline in the number of layoffs in the past month from previous months, it is appears that the cuts could be taking a harder toll on companies.
Managing Talent in a Turbulent Economy, a new survey from…
Lease Cancellations (May 10-16): Emisphere Cuts $14 Million in Future Lease Payments
May 13th, 2009Emisphere Technologies Inc. entered into a lease termination agreement with BMR-Landmark at Eastview LLC for 80,000 square feet at 765 and 777 Old Saw Mill River Road in Tarrytown, NY. The company had previously announced its decision to close its research…
Retail Tenants on the Hunt for Expansion Space at ICSC RECon 09
May 13th, 2009More than 20,000 commercial real estate industry professionals and service providers are preparing to head to Las Vegas for RECon 2009, the International Council of Shopping Centers’ (ICSC) Annual Spring Convention, which starts this Sunday, May 17th…
LEED Incentives From … Your Broker?
May 13th, 2009A question for tenants: Would you be more likely to pursue LEED certification for your space if your broker helped foot the bill?
At least one real estate brokerage firm thinks the answer is yes. In a head-turning announcement last week, the Long Island…
